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Stock Market & Financial Investment News

News Breaks
June 3, 2014
09:02 EDTNDAQ, GRVYGravity receives Nasdaq staff deficiency letter
Gravity (GRVY) announced that the company received a letter from the NASDAQ (NDAQ) indicating that the company failed to comply with the minimum bid price requirement for continued listing set forth in Nasdaq Stock Market Rule 5450(a)(1), as the bid price of the Company's American Depositary Shares had closed for 30 consecutive business days below $1.00 per ADS. In accordance with Nasdaq Stock Market Rule 5810(c)(3)(A), the company has a grace period of 180 calendar days, or until November 24, to regain compliance. The notification advises that such compliance can be achieved if, at any time before November 24, the bid price of the company's ADS closes at $1.00 or more per share for a minimum of 10 consecutive business days. Nasdaq Letter has no effect at this time on the listing of the company's ADS on the Nasdaq Stock Market. The Company's ADS will continue to trade on the Nasdaq Global Market under the symbol "GRVY." Gravity will monitor the bid price for its ADS between now and November 24, and will consider available options to resolve the deficiency and regain compliance with the Nasdaq minimum bid price requirement.
News For GRVY;NDAQ From The Last 14 Days
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January 29, 2015
07:07 EDTNDAQNASDAQ reports Q4 EPS 75c, consensus 74c
Reports Q4 revenue $517M, consensus $521.32M.
January 26, 2015
11:39 EDTNDAQNYSE, NASDAQ plan to keep normal hours today, tomorrow, Bloomberg says
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January 20, 2015
09:12 EDTGRVYGravity enters license and development agreements with Dream Square
GRAVITY Co. announced that it has entered into business agreements with Shanghai The Dream Network Technology Co. dated January 15. Gravity signed a development agreement with Dream Square. Gravity granted Dream Square a nonexclusive right to develop and distribute mobile games in China by using contents of its principal product, Ragnarok Online. Dream Square is to develop and publish a mobile game within one year and another one within 18 months from the effective date of the agreement. Gravity also signed a license agreement with Dream Square, which entitles Dream Square to operate and distribute Ragnarok Online II in China.
January 18, 2015
13:06 EDTNDAQNasdaq, JPX agree to milestone market technology deal
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